Guideline Value for AMBIGESWARI NAGAR

Ambigeswari Nagar guideline value

The current guideline value of Ambigeswari Nagar, located in Kadappakkam village under the Thiruvottiyur SRO, is Rs 1,002 per sq.ft, effective from 1 July 2024. This area is classified as Residential Class I Type - II.

How the guideline value of Ambigeswari Nagar has changed

The guideline value for Ambigeswari Nagar has seen several revisions over the years. In 2002, the value was Rs 42 per sq.ft, which increased to Rs 47 per sq.ft in 2003. The value continued to rise, reaching Rs 100 per sq.ft in 2007, and then significantly increased to Rs 600 per sq.ft in 2012. However, there was a decrease to Rs 402 per sq.ft in 2017. The value then rose again to Rs 1,000 per sq.ft in 2023, before reaching the current rate of Rs 1,002 per sq.ft in 2024.

Overall, from 2002 to 2024, the guideline value has increased by 2,286%. The changes between specific revisions include a 149% increase from 2017 to 2023, a 500% increase from 2007 to 2012, and a 33% decrease from 2012 to 2017. There are no figures available for revisions in years not listed.

Guideline values in Kadappakkam

In Kadappakkam, there are 17 streets under the Thiruvottiyur SRO that carry a 2024 guideline value ranging from Rs 1,001 to Rs 1,200 per sq.ft, with a median value of Rs 1,002 per sq.ft. Ambigeswari Nagar's 2024 guideline value is equal to this median.

• Andal Nagar: Rs 1,002 per sq.ft (2024)
• Andar Kuppam: Rs 1,002 per sq.ft (2024)
• Bharathi Nagar: Rs 1,002 per sq.ft (2024)
• Chelliamma N Koil Street: Rs 1,002 per sq.ft (2024)
• Harijan Colony: Rs 1,001 per sq.ft (2024)
• Kamarajpuram: Rs 1,002 per sq.ft (2024)

Stamp duty and registration fee for property in Ambigeswari Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 1,002 per sq.ft, the total guideline value would be Rs 10,02,000. The stamp duty at 7% would amount to Rs 70,140, and the registration fee at 2% would be Rs 20,040, making the total charges Rs 90,180. Duty is charged on the guideline value or the sale price, whichever is higher. You can also use our stamp duty and registration fee calculator for more information.

Which Sub Registrar Office covers Ambigeswari Nagar?

The Sub Registrar Office that covers Ambigeswari Nagar is the Thiruvottiyur Sub Registrar Office, located at 21/8, Market Lane Kaladipet, Thiruvottiyur, Chennai-600019. You can find your SRO for more details.

How the guideline value is used when you buy or sell in Kadappakkam

The guideline value is an essential reference for property transactions in Kadappakkam. It determines the minimum value at which properties can be registered, ensuring that the government receives appropriate revenue from stamp duties and registration fees.

When buying or selling property, the guideline value helps both parties understand the fair value of the property based on the prevailing rates in the area. It is important for buyers to be aware of this value to ensure compliance with legal requirements during the registration process.

Frequently asked questions

What is the current guideline value of Ambigeswari Nagar?

The current guideline value of Ambigeswari Nagar is Rs 1,002 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 42 per sq.ft in 2002 to Rs 1,002 per sq.ft in 2024, marking a significant rise of 2,286% over this period.

What is the land classification of Ambigeswari Nagar?

Ambigeswari Nagar is classified as Residential Class I Type - II, indicating its designation for residential development.

Where can I find more information about stamp duty and registration fees?

You can find more information about stamp duty and registration fees using the stamp duty and registration fee calculator.

Which office handles the registration for Ambigeswari Nagar?

The registration for Ambigeswari Nagar is handled by the Thiruvottiyur Sub Registrar Office, located at 21/8, Market Lane Kaladipet, Thiruvottiyur, Chennai-600019.